June 21, 2017
$1 Billion Seattle Retirement Plan Selects Nationwide
Columbus, OH - The City of Seattle Voluntary Deferred Compensation Plan Committee recently selected Nationwide as its exclusive 457 retirement plan provider. The plan has approximately 9,300 participants with more than $1 billion in assets. The contract runs for five years.
“We have made it our mission at Nationwide to help America’s workers be ready for the retirement they’ve earned,” said Eric Stevenson senior vice president of retirement plan sales for Nationwide. “We consider it an honor that the City of Seattle Deferred Compensation Trust Committee selected us.”
As part of its commitment to advancing the retirement readiness of America’s workers, Nationwide will provide administrative and recordkeeping services to the Seattle plan — as well as a variety of planning and decision-making tools like the Retirement Readiness Report. Plus, Nationwide will provide on-site education and communication programs designed to engage and motivate participants to take action and prepare for retirement.
“For the last few years, we have committed a great deal of resources toward delivering best-in-class digital capabilities and service levels for participants’ benefit,” said John Carter, president of Nationwide’s retirement plan business.
The addition of the plan expands Nationwide’s significant market share. Nationwide is the largest1 provider of public-sector retirement plans in the United States. Its retirement plans business serves more than 2.4 million retirement plan participants in nearly 39,000 plans.
Visit nrsforu.com for more information about the tools and services Nationwide provides to 457 plan sponsors and participants.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.